Pernia: Gov't did not expect crude price to reach multi-year highs

ABS-CBN News

Posted at May 19 2018 12:51 AM

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As the price of Dubai crude creeps ever closer to the Philippine government's threshold of $80 per barrel, one government official admits they did not anticipate world oil prices would reach their current levels. Michelle Ong with the details. - ANC, Business Nightly, May 18, 2018